Tax Credits

HVAC Tax Credits
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Energy Star Tax Credits on HVAC Systems

  • Tax Credit:  10% of cost up to $500 or a specific amount from $50-$300.
  • Expires:  December 31, 2017

Details:  Must be an existing home & your principal residence.  New construction and rentals do not apply. A number of tax credits for residential energy efficiency have been renewed.  These tax credits are available for purchases made in 2016, as well as retroactive to purchases made in 2015.  ENERGY STAR products eligible for tax credits are independently certified to save energy, save money and protect the environment.  Use up to 30% less energy in your home by outfitting it with ENERGY STAR products available across more than 70 categories. Read More

Energy Star Tax Credits on Solar Products

Solar-electric property

    • 30% for systems placed in service by 12/31/2019
    • 26% for systems placed in service after 12/31/2019 and before 01/01/2021
    • 22% for systems placed in service after 12/31/2020 and before 01/01/2022
    • There is no maximum credit for systems placed in service after 2008.
    • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.
    • The home served by the system does not have to be the taxpayer’s principal residence.

SUMMARY

Note: The Consolidated Appropriations Act, signed in December 2015, extended the expiration date for PV and solar thermal technologies, and introduced a gradual step down in the credit value for these technologies. The credit for all other technologies will expire at the end of 2016. A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed in service" date is the date of occupancy by the homeowner. Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below. Read More

Ask your project manager how these rebates can apply to your project.